DOUBLEDRAGON Corp. on Friday, July 28, 2023, opened CityMall-Surigao in Surigao City, Surigao del Norte in the Mindanao region–its 45th operational mall nationwide, officially making it the No. 4 largest mall developer and landlord in terms of number of operational malls and specifically in the community mall segment. It is currently the No. 1 largest community mall developer and landlord in terms of number of operating community malls in the Philippines.
The current CityMall’s gross floor area (GFA) forms part of the 1.29 million square meters of fully built and completed GFA in DoubleDragon’s diversified portfolio, exceeding its one million square meters total GFA target by 2020 set and announced during its IPO listing in the PSE last April 2014, at which point it had practically zero leasable space.
CityMall-Surigao has a total GFA of 8,608 square meters that sits on a 1.05-hectare of prime commercial land. After the opening of CityMall-Surigao, three more CityMalls are slated to be completed in the fourth quarter this year 2023 namely CityMall-Bay Laguna, CityMall-Palo Leyte, and CityMall-Antique. (PR)